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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: MMK who wrote (6948)	1/30/1999 2:47:00 PM
From: snerd	Read Replies (2) \| Respond to of 56535

MMK & Sasa..... Ah, a little more reading and I think I got it. Sell 1/2 means to only use half your margin, so that they don't get margin calls if the stock goes up after they short it. Snerd

To: MMK who wrote (6948)	1/30/1999 2:51:00 PM
From: BarbaraT	Read Replies (2) \| Respond to of 56535

My opinion only - Anthony shorted the stock mostly because of the momentum behind it. Like Tmex, he has a lot of power on SI and can move a stock. Since PRFM had moved so much, he felt it could be a good short and came out with it and his faithful followers followed suit by bashing the stock on all the threads causing a panic sell (just like Tmex and his buying frenzy). However, if he was so certain that this stock would crash he would have shorted his entire position. Sounds like he feels the stock will go down and make money on the short (and of course it would go down on his panic short advice) but he kept some just in case it bounced back quickly; thus, he could make money on both sides. I think that with the website opening Monday we will be okay. I used his shorting advice to buy more on the dips. Nothing has changed - management changes all the time, and I see nothing wrong with this. Look at how CFO and CEO's resign and new management takes the company even higher. (Look at how Armstrong turned around AT&T - I realize that is comparing apples and oranges, but it's just an example). The fundamentals are the same. I knew the company was losing money, but if it were a big money machine the stock would have been a heck of a lot more than it is. It seems they have all their ground covered with stores, 800 number and website - this is a turnaround situation and an internet play all in one. That is what I am "invested" in. Besides, SI is not the entire world. There are more outside of SI than in it. CNBC (Martha and Sue) did plug this on Friday after the close and I would not be surprised to see more mention on Monday - especially with Valentine's Day around the corner. If you panic, you are only hurting yourself - but the savvy investor will be in there buying your shares on the cheap. Just my opinion, as I said - and what are opinions worth anyway?